Aaron Friedman, national practice leader, tax-exempt, at Principal in West Palm Beach, Florida, says “small and mid-sized plans are very much in need of advisers because they don’t have dedicated human resources personnel or expertise on plan administration."

MARKET MIRROR

Wednesday, the Dow lost 141.71 points (0.55%) to finish at 25,745.67, the NASDAQ was up 5.02 points (0.07%) at 7,728.97, and the S&P 500 was down 8.34 points (0.29%) at 2,824.23. The Russell 2000 decreased 11.83 points (0.76%) to 1,543.16, and the Wilshire 5000 closed 97.03 points (0.33%) lower at 29,200.52.

The price of the 10-year Treasury note increased 25/32, bringing its yield down to 2.531%. The price of the 30-year Treasury bond climbed 1 5/32, decreasing its yield to 2.968%.